Mount Yale Investment Advisors LLC Has $948,000 Stake in Starbucks Co. (NASDAQ:SBUX)

Mount Yale Investment Advisors LLC cut its holdings in shares of Starbucks Co. (NASDAQ:SBUX) by 58.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,723 shares of the coffee company’s stock after selling 13,437 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Starbucks were worth $948,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SBUX. Brookstone Capital Management grew its stake in Starbucks by 18.7% in the 1st quarter. Brookstone Capital Management now owns 22,345 shares of the coffee company’s stock valued at $2,042,000 after buying an additional 3,516 shares during the last quarter. Wealthcare Advisory Partners LLC grew its position in shares of Starbucks by 21.6% in the first quarter. Wealthcare Advisory Partners LLC now owns 9,929 shares of the coffee company’s stock valued at $907,000 after purchasing an additional 1,766 shares during the last quarter. Register Financial Advisors LLC bought a new position in shares of Starbucks during the first quarter worth approximately $58,000. Symphony Financial Ltd. Co. lifted its holdings in Starbucks by 4.3% during the 1st quarter. Symphony Financial Ltd. Co. now owns 4,397 shares of the coffee company’s stock worth $402,000 after purchasing an additional 182 shares during the last quarter. Finally, Coston McIsaac & Partners grew its holdings in Starbucks by 1.9% in the 1st quarter. Coston McIsaac & Partners now owns 52,768 shares of the coffee company’s stock valued at $4,822,000 after buying an additional 981 shares in the last quarter. Institutional investors own 72.29% of the company’s stock.

Insider Activity

In related news, Director Jorgen Vig Knudstorp bought 380 shares of Starbucks stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the acquisition, the director now directly owns 36,242 shares of the company’s stock, valued at approximately $3,316,143. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Jorgen Vig Knudstorp bought 380 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average price of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the acquisition, the director now directly owns 36,242 shares in the company, valued at approximately $3,316,143. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the sale, the chief executive officer now owns 75,054 shares of the company’s stock, valued at approximately $7,057,327.62. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.98% of the company’s stock.

Starbucks Trading Up 0.2 %

Shares of SBUX stock opened at $97.31 on Friday. The business’s 50-day moving average price is $95.43 and its 200-day moving average price is $84.98. Starbucks Co. has a 12 month low of $71.55 and a 12 month high of $107.66. The firm has a market capitalization of $110.22 billion, a price-to-earnings ratio of 26.81, a PEG ratio of 2.14 and a beta of 0.97.

Starbucks (NASDAQ:SBUX) last posted its earnings results on Tuesday, July 30th. The coffee company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The firm had revenue of $9.11 billion for the quarter, compared to analyst estimates of $9.25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 EPS. On average, sell-side analysts predict that Starbucks Co. will post 3.55 earnings per share for the current fiscal year.

Starbucks Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Starbucks’s previous quarterly dividend of $0.57. Starbucks’s payout ratio is 67.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SBUX shares. Baird R W raised shares of Starbucks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 13th. BTIG Research increased their target price on shares of Starbucks from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Citigroup cut their price target on Starbucks from $99.00 to $96.00 and set a “neutral” rating for the company in a research note on Wednesday. Evercore ISI upgraded Starbucks from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $80.00 to $120.00 in a research note on Wednesday, August 14th. Finally, Morgan Stanley upped their target price on Starbucks from $98.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.48.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.